South Korea: Analysts maintain BUY rating on HiteJinro

KB Securities maintain BUY on HiteJinro but raise their target price by 4.8% (KRW42,000→KRW44,000), as they revise up 2022E/2023E operating profit (OP) by 7.6%/8.8%, Businesskorea reported on May 16. The ...
Published 17/05/2022 Outros

World: Barley outlook is for lower trade despite larger production in 2022/23

The global barley outlook for 2022/23 is for lower trade despite larger production, USDA said in their May report. Production is forecast to grow to 148.968 mln tonnes from 145.029 mln ...
Published 17/05/2022 Outros

World: Weather concerns having significant impact on barley markets

Weather concerns are becoming front and centre, as it is usual for this time of the year, and given the tight global supply environment they are having a significant impact ...
Published 17/05/2022 Outros

Argentina: Remaining barley surplus for crop 2021/22 estimated close to 1 mln tonnes

Export licences granted for crop 2021/22 in Argentina to-date are for 2.4 mln tonnes of feed, 0.8 mln tonnes of malting barley. The remaining surplus is close to 1 mln ...
Published 17/05/2022 Outros

World: Brewing world will have to cope with smaller malt supplies, analysts believe

Ukrainian malt exports were 75,000 tons in 2020, after three years of larger shipments – above 100,000 tonnes. The main destination was Brazil with 25,000 tonnes. It must be feared ...
Published 17/05/2022 Outros

China: Beer industry thriving and may even emerge from the pandemic stronger

China’s beer industry is thriving and may even emerge from the pandemic stronger, according to new reports revealing its resurgence, The Drinks Business reported on May 17. Despite decades of slow ...
Published 17/05/2022 Outros

Canada: Barley acreage seen 5% down this year – RMI Analytics

Much needed moisture relief arrived during the first two weeks of May in Alberta. Some of the moisture last week even arrived in the form of snow, which is welcomed ...
Published 17/05/2022 Outros

USA: Trappist monks of St Joseph’s Abbey in Spencer decide to stop brewing

The Trappist monks of St Joseph’s Abbey in Spencer, USA, have decided “after more than a year of consultation and reflection” that brewing is not a “viable business”, The Brussels ...
Published 17/05/2022 Outros

USA, WI: Cocoon Brewery breaks ground in Ledgeview

A new brewery broke ground in Ledgeview on Friday, May 13, Fox 11 reported. Cocoon Brewery is going up on Kaftan Way off of County Road G. The 6,000 square-foot brewery will ...
Published 17/05/2022 Outros

USA, IL: Phase Three Brewing Co. to open second Chicago-area location

A three-year-old Illinois-based brewery plans to open a second Chicago-area location by the fourth quarter of 2022, the Chicago Business Journal reported on May 13. Phase Three Brewing Co. signed a ...
Published 17/05/2022 Outros